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Recap: Oil prices opened the session above unchanged then proceeded to move sideways in overnight trading. A daybreak dip failed to reach $63.48, the 10-day moving average for WTI, spurring […]
Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.348, twelve cents above Monday’s closing price of $3.224. Expectations for an above average storage withdrawal for […]
Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.219, three cents above Friday’s closing price of $3.185. After posting gains overnight as traders focused on […]
Recap: A lack of new fundamentals pushed oil prices lower in overnight and early morning trading, but the market fell short of taking out the lows from last week. A sharp […]
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.167, two cents below Thursday’s closing price of $3.189. Stumbling to the intraday low of $3.157 out […]
Recap: After reaching their highest level in over 3 years, oil prices experienced their largest weekly loss since October. Despite tightening global supplies, U.S. production continues to soar, counterbalancing output […]
Thursday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.176, five cents below Wednesday’s closing price of $3.232. Fluctuating within a three-cent range before stabilizing near […]
Recap: Near record U.S. crude oil production offset the ninth straight week of declines in U.S. crude oil stocks, leaving oil prices close to unchanged. February WTI was trading at $63.47 […]
Wednesday, January 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.196, nearly seven cents above Tuesday’s closing price of $3.129. Slipping to the intraday low of $3.156 […]
Recap: Oil prices finished higher on Wednesday, as traders await the release of the EIA report, which was delayed a day due to the U.S. Martin Luther King Jr. Day Holiday. […]